We believe fixed-income investments are an essential pillar of every successful long-term portfolio, regardless of the current market environment.
A “Steady Hand” in Frankfurt—The ECB Punts Successfully Into the Fall
by Andreas Billmeier, PhD
Credit Market Update—Look Past the Cover
by Robert O. Abad
Weekly Municipal Monitor—Looking at Locals
by Robert E. Amodeo, Charles Bardes, Michael Linko
At today’s meeting, the European Central Bank’s (ECB) Governing Council (GC) left its policy instruments unchanged. In particular, the commitment to purchase assets under the Pandemic Emergency Purchase Programme (PEPP) at a “significantly higher pace” than in the first few months of the year was rolled over into Q3.
4/22: The Fed and Liquidity Markets: 1Q Review and 2Q Outlook Webcast
The global recovery should see a meaningful pickup in the second half of 2021 as economies continue to reopen, but we remain cautious over the longer term.